2:1 Bonus Equity Shares: 9 August - Record Date; Consider Trading In This Stock?

With a market valuation of Rs 286 Cr, Caspian Corporate Services Ltd is a small-cap company in the financial services industry. The company provides a wide range of services, including FMS, housekeeping, security, property management, office support, M&E, pest control, disinfection, and customer support. It has over 11+ years of domain expertise and in-depth understanding. The company provides end-to-end HRO services and is a well-known provider of workforce management services worldwide.

Caspian Corporate Services Record Date For Bonus Shares

"We would like to inform you that the Company has fixed FRIDAY, 9TH AUGUST, 2024 as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2 (two) Equity Shares of Re. 1/each for every 1 (one) existing Equity Share of Re. 1/- each, in accordance with the approval of shareholders of the company on issue of bonus shares in EGM held on 29th July, 2024," said the company in a regulatory filing.

Caspian Corporate Services Financials

In the March 2024 quarter, the company's net sales were Rs 24.44 crore, up 3659.46% from Rs 0.65 crore in the same quarter of 2023. Up 3130.8% from Rs. 0.14 crore in Q4FY23 to Rs. 4.43 crore in Q4FY24, the company achieved a net profit. EBITDA jumped by 1713.04% from Rs. 0.23 crore in March 2023 to Rs. 4.17 crore in March 2024. The company is yet to declare its financial results for the quarter ended 30th June 2024.

Caspian Corporate Services Share Price Target

"Advisory and consultancy services company, Caspian Corporate Services Limited, could be a lucrative trading option for those seeking to explore the service domain. For this stock, I recommend traders and investors consider the buying range of Rs. 59-62. They may hold this stock for a period of 3-7 weeks to reach a target price range of Rs. 70-85. However, I recommend setting a stop loss at Rs. 55 to protect capital when trading in this stock," advised V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.